Supply Chain Research

The U.S. trade deficit widened 7% in November vs. October, and was 2% higher than expected. This was mainly the result of a 3% expansion in the import of goods, as outlined in previous Panjiva research. Exports didn’t help, however, with a 1% decline in goods and services combined. The main drag came from a 3% drop in the value of intellectual property services, which reached their lowest since December 2010. Trade policies that support exports, as well as prevent imports, are needed.